Press Digest: Financial Times - Nov 2

MccollS Retail

02/11/2022 01:08

Nov 2 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
    Headlines
     - Musk outlines Twitter premium subscription plan for $8 a
month
     - Morrisons to close more than 10 per cent of McColl's
stores
     - Emissions data reporting by UK government 'inconsistent',
say MPs
     -  Sunak postpones showdown with City regulators over
proposed 'call-in power'
    Overview
     - Billionaire Elon Musk said Twitter will provide its Blue
services for $8 a month, in a bid to increase subscriptions and
have the social media platform rely less on advertisements.
     - Supermarket company Wm Morrison Supermarkets are set
close above 10% of the 1,164 stores belonging to convenience
store company McColl's Retail Group PLC  MCLSM.L , which would
place around 1,300 McColl's workers at the risk of redundancy.
     - The House of Commons public accounts committee said the
UK government's greenhouse gas emissions data is so badly
reported that the parliament is unable to evaluate whether the
public sector is on course to achieve its decarbonisation goals
     - Prime Minister Rishi Sunak shelved his meeting with the
Bank of England as the UK government has stayed publishing plans
that would facilitate ministers to override City regulators, as
MP Andrew Griffith says that the PM needed more time to
understand the matter.
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))